Rising Rates & Affordability: Should You Be Worried?

03/16/2017

After two weeks of signaling change could come, the Fed decided to raise short-term interest rates again today; this is the third time in a decade (the other two were in December 2015 and December 2016). This hike was prompted by robust economic data (increasing inflation and wages and decreasing unemployment), and highlights the Fed’s confidence in the current economy and direction it’s going. Our Manager of Housing Economics, Ali Wolf, made a quick video to explain the potential impacts on the housing market.

 

 

Ali Wolf, Manager of Housing Economics
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